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UGL secures $110 million contract with Hazelwood Power
UGL Limited (ASX: UGL) today announced that it has been awarded a new three year contract by GDF SUEZ Hazelwood Power Partnership (“Hazelwood Power”). The contract has a total value of approximately $110 million. Two one-year options have the potential to extend the contract up to a maximum of five years.
As the lead contractor, UGL will perform outage planning and full execution of major outage maintenance works on boilers, turbines and generators at the Hazelwood power station. The Hazelwood power station is a 1,600MW brown coal fired power station located 150km east of Melbourne. Hazelwood was completed in 1971 and supplies up to 25 per cent of Victoria’s energy requirements and more than five per cent of Australia’s total energy demand.
UGL’s Managing Director and CEO, Richard Leupen said: “Securing this contract reflects UGL’s position as a leading maintenance service provider in Australasia and further strengthens our broad base of recurring revenue streams. The contract is a significant win for our Power business demonstrating UGL’s proven ability as an outage contractor and our ability to service clients by delivering innovative solutions in critical public infrastructure at any point across our end-to-end delivery model.”
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